I like it - wording suggests PLS board are the makers of our fate rather than POSCO.
"As previously announced (ASX release dated 27 August 2019), Pilbara Minerals has entered into a
conditional offtake agreement with POSCO for up to 315,000 tpa of spodumene concentrate to be
supplied from its Stage 2 expansions and retains the right to participate (initially at 21% with the option
to increase to 30%) in a downstream joint venture (JV) with POSCO in respect of the chemical
conversion facility in South Korea"
Rereading the paragraph again, I think the worry is that concentrate for the JV is "to be supplied from Stage 2 expansions" in order for the JV to proceed.
Re: expansion update the Qtrly provides:
"Given the expected demand growth in the period 2022-2025 (including Pilbara Minerals’ existing
customers building further chemical conversion capacity within that time), the Company is well
placed to match Pilgangoora production (inclusive of both Plant 1 and 2 processing capacity) to the
demands of its current and future customers."
Board doesn't see Stage 2 in near future.
Maybe there is a work around given at time of JV agreement there could not have been the knowledge of additional supply coming from Plant 2 (i.e. Altura).
What do you guys think? Stage 2 expansion still a precondition to POSCO JV?
- Forums
- ASX - By Stock
- PLS
- Ann: Quarterly Activities Report
Ann: Quarterly Activities Report, page-38
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$2.95 |
Change
-0.055(1.83%) |
Mkt cap ! $8.912B |
Open | High | Low | Value | Volume |
$2.99 | $2.99 | $2.93 | $12.21M | 4.122M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 257274 | $2.94 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.95 | 192170 | 30 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 127053 | 2.950 |
24 | 410426 | 2.940 |
28 | 719269 | 2.930 |
33 | 398385 | 2.920 |
17 | 136312 | 2.910 |
Price($) | Vol. | No. |
---|---|---|
2.960 | 34697 | 7 |
2.970 | 463833 | 33 |
2.980 | 268559 | 22 |
2.990 | 104080 | 9 |
3.000 | 159113 | 21 |
Last trade - 10.58am 29/08/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |
The Watchlist
UNT
UNITH LTD
Idan Schmorak, CEO
Idan Schmorak
CEO
Previous Video
Next Video
SPONSORED BY The Market Online